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Nov 28, 2012
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durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get in there and see whether in fact there can be the ability to knock heads around and really figure something out here from the executive, the chief executive, that being the president and the leaders of both sides whether it be boehner and whether he can control his side of things and/or reid in the senate and whether we see moderates step up to try to get something done. i'm not willing to say as you seem to be that w
durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing...
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Nov 28, 2012
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. >> but durbin, where did he come from? >> that's what i mean. >> i'm trying to figure out -- trying to see his personal situation. where did he find religion all of a sudden? he's an obama ally and suddenly he's talking -- are you looking at all these things very specifically? looking at the fix and option action. you can tell from the market. >> the most aggravating thing is that we're sitting here talking about the government and what the market is going to do as a function of what the government does. if you look at the volatility markets, i think it's incredibly interesting. the market is being very rational. the vix is really a function of liquidity. liquidity in the system is incredibly stable. the markets are -- that will significantly drive higher levels, if you look at ted spreads and where bank funding is. that's the real significant spikes index, so you need to be careful to hedge your portfolios right now. but right now, the markets, the s&p markets are really pricing in a very range bound market through januar
. >> but durbin, where did he come from? >> that's what i mean. >> i'm trying to figure out -- trying to see his personal situation. where did he find religion all of a sudden? he's an obama ally and suddenly he's talking -- are you looking at all these things very specifically? looking at the fix and option action. you can tell from the market. >> the most aggravating thing is that we're sitting here talking about the government and what the market is going to do as a...
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Nov 27, 2012
11/12
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senator dick durbin a member of the boles-simpson commission and the so-called gang of eight lag out the progressive case for a bipartisan fiscal cliff deal. we'll bring you headlines as they happen. when we come back, men have a rep utation for hagting to shop. we'll tell you why they say men are the new women. back here after a break. suffer n 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. prevent acid all day and all night for 24 hours if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's
senator dick durbin a member of the boles-simpson commission and the so-called gang of eight lag out the progressive case for a bipartisan fiscal cliff deal. we'll bring you headlines as they happen. when we come back, men have a rep utation for hagting to shop. we'll tell you why they say men are the new women. back here after a break. suffer n 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works...
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Nov 26, 2012
11/12
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you have senator durbin talking about hang-ups in the united states. you have the vote over in barcelona. there's a lot of self-inflicted political wounds the market is trying to price in. volatility will be a function of this political instability for at least a handful of weeks going into the first quarter of 2013. >> what was last week about? 400 points. great day on friday albeit shortened session, light volume. was that real? was it fake? what was your impression? >> a mismatch between fundame fundamenta fundamentals. you saw economic news out of the united states. corporate news wasn't bad. you saw news out of china which was improving. global growth story is okay. it's far from great. it's okay. you have europe in recession. germany continues to chug along at an okay level. on a mixed data environment when you get excesses of pricing, you get bouncebacks as well. >> given uncertainty over tax, would you be as inclined to be aggressive in what is a good month or preserve gains for the year? >> it depends on what they are trying to accomplish. dep
you have senator durbin talking about hang-ups in the united states. you have the vote over in barcelona. there's a lot of self-inflicted political wounds the market is trying to price in. volatility will be a function of this political instability for at least a handful of weeks going into the first quarter of 2013. >> what was last week about? 400 points. great day on friday albeit shortened session, light volume. was that real? was it fake? what was your impression? >> a mismatch...
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Nov 27, 2012
11/12
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senator dick durbin today suggested that medicare, medicaid and social security ought to be taken off the table for the fiscal cliff covers this year. so where are they going to find these spending cuts? it's going to be kind of painful. take a look at what simpson boles proposes that is sort of the jumping off point for a lot of this debate. they say in the year 2015 going to have $372 billion worth of savings in their plan and start on the defense side, you can see why some of this is going to be so very painful for so many members on capitol hill. want to reduce defense procurement by 15%, they want to reduce overseas bases by 30%, a huge number. that would save just 8.5 billion. they want to freeze dod compensation for three years saving 5.3 billion. and then on the domestic side, they would reduce the congressional and white house budgets by 15% and as appealing that is sounds to most americans it is only going to save about 0.8 billion. they would cut the federal workforce by 10s for 13.2 billion and slow the growth of foreign aid. so brian, as you can see here, there are a lot
senator dick durbin today suggested that medicare, medicaid and social security ought to be taken off the table for the fiscal cliff covers this year. so where are they going to find these spending cuts? it's going to be kind of painful. take a look at what simpson boles proposes that is sort of the jumping off point for a lot of this debate. they say in the year 2015 going to have $372 billion worth of savings in their plan and start on the defense side, you can see why some of this is going...